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Oil Mining Resources

Celsius Resources’ MCB Project receives DMPF approval

Celsius Resources < 1 min read

BACKGROUND

Celsius Resources (ASX, AIM: CLA) has announced that its Philippine subsidiary, Makilala Mining Company has received approval of the Declaration of Mining Project Feasibility (“DMPF”) for its flagship MCB Project in the Philippines.

The issuance of the DMPF enables the Company to move forward with obtaining a Mineral Production Sharing Agreement (“MPSA”) with the Philippine Government which would allow the Company to develop and operate the MCB Project.

The MPSA application has been submitted and the Company envisages receiving the MPSA within the coming weeks.


Contact details:

Jon Cuthbert

[email protected]

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